Special Bonuses Sample Clauses
The Special Bonuses clause defines the conditions under which additional payments or rewards are granted beyond standard compensation. Typically, this clause outlines specific achievements, milestones, or performance metrics that trigger the bonus, such as exceeding sales targets or completing a project ahead of schedule. Its core function is to incentivize exceptional performance and align the interests of the parties by providing clear criteria for earning extra compensation.
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Special Bonuses. When the prerequisites stated in the relevant provisions of the collective agreement (in section 11) are met, sector- specific special bonuses and further-qualification allowances shall be paid in addition to the time-based rates referred to in subsections A 1, A 3, A 6, A 7, and A 9, above. The existing subsection A 8 becomes subsection A 9.
Special Bonuses. The Employee shall be eligible to receive a bonus (the “Bonus”) (and such additional Bonuses as is awarded by the Compensation Committee of the Board (the “Compensation Committee”). The Bonus shall be paid by the Company to the Employee promptly after determination that any of the targets related Employee’s performance having been met. In the event that the Compensation Committee is unable to act or if there shall be no such Compensation Committee, then all references herein to the Compensation Committee (except in the proviso to this sentence) shall be deemed to be references to the Board of Directors. The “Bonuses” shall survive expiration or termination of this Agreement for a period of twelve (12) months, provided that the transaction occurs with a party with which Employee had material substantive discussions and a letter of intent and substantive due diligence activities commenced prior to termination of the Term. The Company shall pay the following Special Bonus amounts to Employee:
Special Bonuses. In addition to the bonuses to which the Executive is entitled pursuant to Section 3(b) of this Agreement, for each potential acquisition target or a potential joint venture identified by the Executive that eventually is successfully acquired or consummated by the Company or its affiliate with the assistance of the Executive as reasonably required by the Company and as is compatible with the Executive's duties hereunder, the Company shall pay to the Executive immediately upon consummation of the transaction cash compensation of one percent (1%) of (i) the total purchase price (including deferred portions of the purchase price) in the case of an acquisition or (ii) the total investment by the Company or its affiliate in the joint venture in the case of a joint venture. In addition, if in 1997 the Executive identifies an acquisition or joint venture candidate that provides consulting services similar to that of MST, and the Company acquires such candidate, such candidate's 1997 pre-tax revenues shall be added to MST's 1997 pre-tax revenues for purposes of calculating MST's 1997 pre-tax revenues for the purposes of Section 3(a) of this Agreement.
Special Bonuses. The first sentence of Section 4.2 of the Memorandum is hereby amended to read in full as follows: In addition, you shall receive a special bonus in an amount equal to $166,667 on each of April 6, 2002, April 6, 2003, and April 6, 2004, but only if (i) you have remained continuously employed by the Company throughout the period beginning on the date of this Memorandum and ending on the date the special bonus payment is otherwise due, and (ii) either (A) you have not sold any Common Stock of the Company on or before the date the special bonus payment is otherwise due unless that stock was acquired pursuant to the exercise of an option that was scheduled to expire by its terms within one year of the date of exercise or (B) you have repaid the Relocation Loan in full prior to the date the special bonus is otherwise due.
Special Bonuses. In addition to the Base Salary and Bonuses described above, the Board, in its sole discretion, may from time to time determine to pay the Employee additional direct compensation in the nature of a special bonus award (a "Special Bonus"), if it determines that the Employee has provided services of special or exceptional value to the Company. The Employee shall also be eligible to receive from time to time, in the sole discretion of the Board or a committee of the Board, stock options and/or other awards with respect to the stock of the Company.
Special Bonuses. Between the date of this Agreement and the Closing Date, the Company shall enter into agreements with the recipients identified on Schedule 1.2.7 to provide for grants of “Special Bonuses” as set forth on Schedule 1.2.7 to be paid no earlier than two Business Days following the 105th day following the Closing.
Special Bonuses. The Corporation shall pay Employee a one-time special bonus of Fifty Thousand Dollars ($50,000.00) to be due and payable within 30 days of the Corporation’s receipt of that Phase 3 Clinical Trial milestone payment by Kaken Pharmaceutical Co, LTD. (“Kaken”) as further set forth in that License, Development and Commercialization Agreement by and between the Corporation and Kaken and a one-time special bonus of Twenty- Five Thousand Dollars ($25,000.00) upon the initiation of the first BBI-4000 Phase 3 clinical trial (i.e. the enrollment of the first patient in such study). Such bonuses are subject to standard federal and state payroll withholding requirements in accordance with Corporation’s standard payroll practices and is hereby incorporated into this Agreement by reference. Any bonuses payable pursuant to this Section 3.2 are sometimes hereinafter referred to as “Incentive Compensation” and shall be paid by the Corporation to the Employee within two (2) months after the end of the Bonus Period for which it is payable. For avoidance of doubt, the Consulting Agreement is no longer effective as of January 8, 2016.
Special Bonuses. In consideration of Executive's entering into this Agreement, the Company paid to Executive during fiscal 1998 a one-time bonus of $75,000.
Special Bonuses. (i) In recognition of Executive’s past performance and contributions to the Company, the Executive shall be entitled to receive a one-time special bonus of $700,000 (Seven Hundred Thousand U.S. Dollars) (the “Contribution Bonus”). The Contribution shall be paid to the Executive within 60 days of the Effective Date.
(ii) As an incentive for the Executive to work toward the Company’s uplisting to NASDAQ, the Executive shall be entitled to receive a one-time special bonus of $300,000 (Three Hundred Thousand U.S. Dollars) (the “NASDAQ Bonus”). The NASDAQ Bonus shall be paid to the Executive within 60 days following the Company’s uplisting to NASDAQ, provided the Executive is employed with the Company on such date.
Special Bonuses. The Company shall pay Executive a special cash bonus of $225,000 (the “Special Bonus”), less required withholdings, on or before each of the first three anniversaries of the Employment Date (i.e., an aggregate of $675,000), but only if Executive is employed hereunder on the date such payment is due or if his employment hereunder has previously been terminated in a termination not governed by Section 5(b) below (relating to Cause/voluntary terminations).